Alberta Investment Management Corp Has $4.70 Million Stake in McCormick & Company, Incorporated $MKC

Alberta Investment Management Corp grew its position in McCormick & Company, Incorporated (NYSE:MKC) by 143.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,200 shares of the company’s stock after buying an additional 41,400 shares during the quarter. Alberta Investment Management Corp’s holdings in McCormick & Company, Incorporated were worth $4,697,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. SBI Securities Co. Ltd. lifted its stake in McCormick & Company, Incorporated by 4.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 3,239 shares of the company’s stock valued at $246,000 after purchasing an additional 148 shares during the last quarter. Modern Wealth Management LLC raised its stake in McCormick & Company, Incorporated by 5.9% during the second quarter. Modern Wealth Management LLC now owns 3,258 shares of the company’s stock worth $247,000 after buying an additional 181 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in shares of McCormick & Company, Incorporated by 2.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 9,610 shares of the company’s stock valued at $643,000 after purchasing an additional 185 shares during the period. Nordea Investment Management AB lifted its stake in McCormick & Company, Incorporated by 0.7% in the second quarter. Nordea Investment Management AB now owns 26,900 shares of the company’s stock valued at $2,044,000 after buying an additional 190 shares during the period. Finally, Optivise Advisory Services LLC lifted its position in shares of McCormick & Company, Incorporated by 6.2% during the 2nd quarter. Optivise Advisory Services LLC now owns 3,303 shares of the company’s stock valued at $250,000 after acquiring an additional 193 shares during the period. Institutional investors and hedge funds own 79.74% of the company’s stock.

McCormick & Company, Incorporated Price Performance

Shares of McCormick & Company, Incorporated stock opened at $68.55 on Friday. The business has a 50 day moving average of $67.03 and a 200 day moving average of $67.15. McCormick & Company, Incorporated has a 52 week low of $59.62 and a 52 week high of $86.24. The company has a market cap of $18.40 billion, a PE ratio of 23.40, a P/E/G ratio of 4.47 and a beta of 0.61. The company has a quick ratio of 0.28, a current ratio of 0.70 and a debt-to-equity ratio of 0.54.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings data on Thursday, January 22nd. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.01). McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the company posted $0.80 earnings per share. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, equities research analysts forecast that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MKC. HSBC reduced their price target on shares of McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating for the company in a research report on Friday, January 23rd. JPMorgan Chase & Co. dropped their price target on McCormick & Company, Incorporated from $79.00 to $72.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Jefferies Financial Group increased their price objective on McCormick & Company, Incorporated from $78.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. TD Cowen dropped their price target on shares of McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Finally, Barclays cut their target price on McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating for the company in a research note on Monday, January 26th. Five equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $73.30.

Insiders Place Their Bets

In other news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $67.43, for a total value of $3,371,500.00. Following the completion of the transaction, the insider owned 246,762 shares of the company’s stock, valued at approximately $16,639,161.66. This represents a 16.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jacques Tapiero sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $67.09, for a total value of $335,450.00. Following the completion of the transaction, the director owned 31,596 shares of the company’s stock, valued at approximately $2,119,775.64. The trade was a 13.66% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 115,000 shares of company stock worth $7,947,300. Company insiders own 23.80% of the company’s stock.

About McCormick & Company, Incorporated

McCormick & Company, Incorporated (NYSE: MKC) is a global leader in spices, seasonings and flavor solutions. Headquartered in Hunt Valley, Maryland, the company traces its origins to the late 19th century and has grown into a major manufacturer and marketer of branded and private‑label flavor products for consumer, industrial and foodservice markets.

McCormick’s product portfolio includes pure spices and herbs, blended seasonings, marinades, rubs, sauces, extracts and specialty flavorings, along with ingredient systems and custom flavor development for manufacturers and foodservice operators.